Bank of Nova Scotia Has $55.84 Million Holdings in Pembina Pipeline Corp. (PBA)

Bank of Nova Scotia boosted its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 0.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,685,920 shares of the pipeline company’s stock after buying an additional 13,345 shares during the period. Bank of Nova Scotia owned 0.42% of Pembina Pipeline Corp. worth $55,842,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pinebridge Investments L.P. purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth $146,000. Van ECK Associates Corp increased its stake in Pembina Pipeline Corp. by 18.0% in the 1st quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock worth $108,000 after buying an additional 520 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Pembina Pipeline Corp. by 9.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock worth $120,000 after buying an additional 335 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth $132,000. Finally, Prudential PLC purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth $202,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://ledgergazette.com/2017/10/10/bank-of-nova-scotia-has-55-84-million-holdings-in-pembina-pipeline-corp-pba.html.

Pembina Pipeline Corp. (NYSE:PBA) traded up 0.83% on Tuesday, hitting $34.20. 283,277 shares of the company’s stock traded hands. The stock has a 50-day moving average of $33.54 and a 200-day moving average of $32.90. The stock has a market cap of $13.78 billion, a PE ratio of 32.48 and a beta of 0.73. Pembina Pipeline Corp. has a one year low of $27.44 and a one year high of $35.63.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. On average, equities analysts forecast that Pembina Pipeline Corp. will post $1.27 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th will be paid a dividend of $0.144 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.09%. This is a boost from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. Pembina Pipeline Corp.’s payout ratio is currently 168.04%.

A number of brokerages have issued reports on PBA. BidaskClub lowered Pembina Pipeline Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research lowered Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, AltaCorp Capital upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Pembina Pipeline Corp. has an average rating of “Buy” and a consensus target price of $43.00.

Pembina Pipeline Corp. Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipeline

Other hedge funds have also modified their holdings of the company. Pinebridge Investments L.P. purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth $146,000. Van ECK Associates Corp increased its stake in Pembina Pipeline Corp. by 18.0% in the 1st quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock worth $108,000 after buying an additional 520 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Pembina Pipeline Corp. by 9.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock worth $120,000 after buying an additional 335 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth $132,000. Finally, Prudential PLC purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth $202,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://ledgergazette.com/2017/10/10/bank-of-nova-scotia-has-55-84-million-holdings-in-pembina-pipeline-corp-pba.html.

Pembina Pipeline Corp. (NYSE:PBA) traded up 0.83% on Tuesday, hitting $34.20. 283,277 shares of the company’s stock traded hands. The stock has a 50-day moving average of $33.54 and a 200-day moving average of $32.90. The stock has a market cap of $13.78 billion, a PE ratio of 32.48 and a beta of 0.73. Pembina Pipeline Corp. has a one year low of $27.44 and a one year high of $35.63.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. On average, equities analysts forecast that Pembina Pipeline Corp. will post $1.27 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th will be paid a dividend of $0.144 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.09%. This is a boost from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. Pembina Pipeline Corp.’s payout ratio is currently 168.04%.

A number of brokerages have issued reports on PBA. BidaskClub lowered Pembina Pipeline Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research lowered Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, AltaCorp Capital upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Pembina Pipeline Corp. has an average rating of “Buy” and a consensus target price of $43.00.

Pembina Pipeline Corp. Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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Institutional Ownership by Quarter for Pembina Pipeline Corp. (NYSE:PBA)

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